PROSPECT CT-REAL ESTATE MARKET REPORT for JULY 2015
What does the real estate market look like in Prospect, CT? Real estate prices in Prospect CT remain below where they were at this time last year. The number of pending sales and pending days on market leave a glimmer of hope for sellers that better days may lie ahead.
There are 57 single family Prospect CT homes for sale, with an average listing price of $320,620 and a median listing price of $329,900.
There are 28 Pending sales (under contract), with an average asking price of $299,614, a median asking price of $272,400, and an average of 67 days on market before accepting an offer.
10 homes were sold in Prospect CT in the month of July, with an average sale price of $282,080, a median sale price of $289,500, and an average of 31 days on market before accepting an offer. By comparison, in July 2014, 9 homes were sold in Prospect, with an average sale price of $330,633, a median sale price of $293,500, and an average of 119 days on market before accepting an offer. This year's figures represent a 14% decrease in average sale prices, and a 74% decrease in average days on market, from last year.
So, what does all this mean? Buyers are acting very quickly on homes that they see the value in. Potential sellers can capitalize on this by speaking with a realtor who knows the Prospect CT real estate market, will price your home based on market conditions, and will provide you with tips on how to maximize your homes' appeal so that buyers will make acceptable offers right away.
Looking to relocate to Prospect CT? Visit Looking For A Reason to Move-Destination: Prospect CT
For more information about Prospect CT, you can visit the following:
Prospect CT Real Estate - Market Update - prior Prospect CT market reports
Are you looking to buy a home in Prospect CT? Click on Prospect CT homes for sale to search for homes in your price range.
For more details about the Prospect CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale.I look forward to discussing with you Prospect CT houses for sale.
© William James Walton, Sr. Market Report data provided by CTMLS. All data is accurate but not guaranteed at time of publication.